Elastic (ESTC) Expected to Post Quarterly Earnings on Thursday

Elastic (NYSE:ESTC) is anticipated to announce its Q1 2027 results after the market closes on Thursday, August 27th. Analysts expect Elastic to announce earnings of $0.5840 per share and revenue of $469.7480 million for the quarter. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Interested persons may review the information on the company’s upcoming Q1 2027 earning report for the latest details on the call scheduled for Thursday, August 27, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. The firm had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. Elastic’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, analysts expect Elastic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Elastic Stock Down 3.4%

Shares of ESTC opened at $80.43 on Wednesday. Elastic has a fifty-two week low of $42.05 and a fifty-two week high of $96.07. The company’s fifty day moving average is $66.52 and its two-hundred day moving average is $58.43. The firm has a market cap of $8.36 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 20.87 and a beta of 0.98. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45.

Analyst Ratings Changes

Several brokerages recently weighed in on ESTC. Canaccord Genuity Group cut their target price on Elastic from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Barclays boosted their price target on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Elastic from $80.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. DA Davidson dropped their price target on Elastic from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Finally, William Blair initiated coverage on Elastic in a report on Friday, May 22nd. They issued an “outperform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Insiders Place Their Bets

In related news, CEO Ashutosh Kulkarni sold 40,373 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $2,447,007.53. Following the completion of the sale, the chief executive officer directly owned 628,752 shares of the company’s stock, valued at approximately $38,108,658.72. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,117,587.79. Following the completion of the sale, the executive owned 298,211 shares of the company’s stock, valued at approximately $18,074,568.71. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ESTC. Itau Unibanco Holding S.A. increased its holdings in Elastic by 372.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,857 shares of the company’s stock worth $140,000 after purchasing an additional 1,464 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Elastic by 1,788.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the company’s stock valued at $152,000 after buying an additional 1,914 shares during the last quarter. NorthRock Partners LLC purchased a new position in shares of Elastic during the 3rd quarter valued at approximately $204,000. Banque Cantonale Vaudoise acquired a new stake in shares of Elastic during the third quarter worth approximately $118,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Elastic during the second quarter worth approximately $135,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.